Owning a home is a dream for most people but for others, it is nothing but a wearisome burden. Buying a home is an important financial decision that needs careful consideration on the benefits and drawbacks of owning a home. Before buying a home you need to deliberate whether homeownership is for you and also if you have enough money saved for making this investment. Your decision to rent or buy a home will depend upon your future plans, personal desires as well as financial stability.
The news keeps getting better on the housing front, and that should have a big impact on consumer choices in the short term and in the next couple of years. The economic collapse of 2008 has seen the U.S. economy slowly rebounding to per-recession levels, but the housing market has been stubbornly sluggish. Of course this affects the job market, particularly in construction, and also consumer choices. Many more people are renting these days, even with historically low mortgage rates and depressed home prices.
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